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How Ardea’s $4.6M Placement Accelerates Kalgoorlie Nickel Project DFS Progress
8:44am on Wednesday 30th of July, 2025 AEST
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Mining
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How Ardea’s $4.6M Placement Accelerates Kalgoorlie Nickel Project DFS Progress
8:44am on Wednesday 30th of July, 2025 AEST
Key Points
Completed $4.6M placement with Sumitomo Metal Mining at premium
Joint venture partners earned 17.5% interest after funding 50% of $98.5M DFS budget
Over 7,300m of drilling completed confirming high-grade nickel-cobalt mineralisation
Received $1.2M R&D tax rebate and holds $14.6M cash with no debt
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